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Updated September 28, 2026. Quick answer: Steward Partners Investment Advisory is registered with the SEC as an investment adviser (CRD #283004, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run up to $12,500 a year (the published maximum, which the firm says is negotiable) under its published fee schedule. Already a client and thinking about leaving? Budget $125 at Raymond James (ACAT Outgoing Transfer, Advisory Account), $125 at Pershing (Outgoing Transfer, Advisory Account), or $50 at Schwab, depending on your custodian. This review covers what its fee brochure and current SEC registration confirm today; this firm also has a fiduciary-status page and minimum-investment page on this site.
Steward Partners Investment Advisory at a glance
| Fact | What Steward Partners Investment Advisory’s own pages say |
|---|---|
| Legal entity | Steward Partners Investment Advisory, LLC |
| Registration | Steward Partners Investment Advisory, LLC is registered with the SEC as an investment adviser (CRD #283004, confirmed ACTIVE this session via SEC IAPD). |
| Fee on a $500,000 account | Up to $12,500 a year (the published maximum, which the firm says is negotiable), per its own current brochure |
| Minimum to open an account | See the minimum-investment page for Steward Partners Investment Advisory |
| Cost to leave (exit fee) | $125 at Raymond James (ACAT Outgoing Transfer, Advisory Account), $125 at Pershing (Outgoing Transfer, Advisory Account), or $50 at Schwab, depending on your custodian |
What Steward Partners Investment Advisory’s own fee schedule charges
SPIA’s two sponsored programs (Managed Account Program at Pershing/RJA, and RIA Managed Account Program at Schwab/Fidelity/Goldman) both cap at 2.50% across nearly all listed products; a separate RJA-administered channel caps at 3.00% but is a distinct sponsor’s program and not used here. Regulatory AUM $36,731,387,293.
“All services listed below charge a “Program Fee” on eligible Program assets that includes the asset based advisory fee, Platform Fee and, if applicable, Third-Party Money Manager Fee(s). The Program Fee is negotiable between you and your IAR. … Schedule of Program Fees and Minimum Account Sizes. Program Product Maximum Program Fee1 Minimum New Account Values3 Steward Partners Personalized Portfolios Steward Partners Discretionary Portfolios 2.50% $25,000”
Steward Partners’ two primary sponsored programs (Managed Account Program and RIA Managed Account Program) both cap at an identical 2.50% Maximum Program Fee across nearly every listed product; a separate RJA-administered channel caps higher, at 3.00%, but is run by Raymond James’ own division rather than Steward Partners directly and is not used here. No current dollar minimum applies (a legacy $250 minimum footnote is explicitly dated ‘Prior to May 2011’).
| Account balance | Annual fee |
|---|---|
| $250,000 | $6,250 |
| $500,000 | $12,500 |
| $1,000,000 | $25,000 |
| $2,000,000 | $50,000 |
See the full breakdown, including how the figure is calculated, on Steward Partners Investment Advisory’s own fee page.
Registration
Steward Partners Investment Advisory, LLC is registered with the SEC as an investment adviser (CRD #283004, confirmed ACTIVE this session via SEC IAPD).
This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity). For the fiduciary-standard question itself, see the fiduciary-status page for Steward Partners Investment Advisory.
What it costs to leave
Steward Partners Investment Advisory, LLC’s Form ADV Part 2A states “You or we may terminate an Program Account by notifying the other party in writing of the Program Account to be terminated and termination will become effective upon the receipt of the notice.” Steward Partners Investment Advisory, LLC names 5 possible custodians in its brochure, with no single default. Steward Partners Investment Solutions, LLC’s own published fee schedule for Raymond James-custodied accounts (“Fee Schedule (Raymond James)”, July 21, 2025) states $125.00 (ACAT Outgoing Transfer, Advisory Account), and states that the fees it lists are the fees charged by Raymond James. Steward Partners Investment Solutions, LLC’s own published fee schedule for Pershing-custodied accounts (“Fee Schedule (Pershing)”, April 1, 2024) states $125.00 (Outgoing Transfer, Advisory Account), and marks that charge as Steward Partners’ own compensation rather than a Pershing pass-through. Charles Schwab & Co., Inc.’s own published fee schedule states “Full transfer (out) of assets: $50 per account.” Fidelity Brokerage Services LLC discloses no comparable line item (an honest gap).
A dedicated how-to-leave page for Steward Partners Investment Advisory covers the exit costs in full; the general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
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- Firm Brochure Form ADV Part 2A (July 30, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1053449
- SEC IAPD firm summary (CRD #283004, checked September 28, 2026): https://adviserinfo.sec.gov/firm/summary/283004
Methodology. This page was built September 28, 2026, drawing directly on Steward Partners Investment Advisory’s own current fee brochure, linked above, and a fresh SEC IAPD registration check run the same day. As of September 28, 2026, this site publishes a fiduciary-status page and a minimum-investment page for Steward Partners Investment Advisory; where the exit-fee page already exists it is linked above and drawn from that already-sourced page. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Steward Partners Investment Advisory’s own Form ADV Part 2A and Form CRS. We have not used Steward Partners Investment Advisory as a client. Steward Partners Investment Advisory did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
What does it take to open an account? See Steward Partners Investment Advisory’s minimum investment, straight from its own Form ADV Part 2A brochure.
Comparing Steward Partners Investment Advisory against other options? See Steward Partners Investment Advisory alternatives, including a lower-fee full-service firm, a flat-fee route and a robo/hybrid.
Comparing firms? See all 182 advisor firm reviews in one table, with each firm’s type and its fee on a $500,000 account.